589 COLUMBIA RD NW Active

Washington,DC 20001

$ 1300000

8 Beds

4 Baths

7132 SqFt


Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 7,132 sqft

Price per Sqft $182

Subdivision Columbia Heights

MLS Listing ID DCDC2134032

Style Other

Bedrooms 8

Full Baths 4

Year Built 1980

Annual Tax Amount $10,800

Tax Year 2022

Lot Size 4,791 Sqft

Property Description

Investment Opportunity in Prime Location

Welcome to a prime investment opportunity nestled in the heart of Washington, DC. This four-unit property presents an exceptional chance for savvy investors to capitalize on its potential. Boasting a coveted location and promising possibilities, this property is a diamond in the rough waiting to be polished.

Property Details:

Unit Configuration: Four units, each featuring two bedrooms

Potential for Expansion: Ample space available to comfortably rebuild units into three bedrooms, offering increased rental potential and appeal.

Certificate of Occupancy: The property holds a Certificate of Occupancy for a four-unit building, ensuring compliance and legal status.

Neighborhood Dynamics: The neighboring building has secured a permit for an eight-unit apartment complex, indicating growth and development potential in the area.

Housing Demand: With housing in DC at a premium and Howard University facing shortages in student accommodations, this property offers a timely solution to a pressing need.

Opportunities Abound: This property presents a myriad of opportunities for creative redevelopment or renovation, catering to diverse investment strategies and goals.
Important Note:

Fire Damage Alert: Please be advised that this property has incurred fire damage and is currently deemed unsafe for entry. Exercise caution when exploring the premises.

Home Harmless Agreement: For safety reasons, all individuals entering the property must sign a Home Harmless Agreement, acknowledging the risks associated with the property's current condition.

Location

State DC

County Washington

Zoning RF-1

Interior

Hot Water Natural Gas

Heating None

Cooling None

Exterior

Waterfront N

Water Access N

Building

Story 2

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

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